The distribution of personal income of full-time retail clerks working in a large eastern city has p

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The distribution of personal income of full-time retail clerks working in a large eastern city has p = $51,000 and a = $5000.
(a) What is the approximate distribution for X based on a random sample of 100 persons?
(b) Evaluate P[ > 51,500]. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics Principles And Methods

ISBN: 9780470904114

7th Edition

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

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